Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Ripley convinced her father and her sister to create a limited liability partnership called Wondrous WoodworkWhat must Ripley and her family do to create an

image text in transcribed
Ripley convinced her father and her sister to create a limited liability partnership called "Wondrous Woodwork"What must Ripley and her family do to create an limited liability partnership? They must first establish their business as a general partnership for no less than two years to test the effectiveness of their business model before transferring to limited liability partnership status. They must include the "LLP" designation in their name to ensure public awareness of Wondrous Woodwork's limited liability status They must file a "Certificate of Authenticity with the state to prove that their partnership is legitimate. They must file their articles of incorporation with the state they are organizing

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Latest Certified Quality Auditor Certification Actual Questions

Authors: Pass For Life

1st Edition

108127705X, 978-1081277055

More Books

Students also viewed these Accounting questions

Question

a cognitive reaction to the anticipation of future misfortune.

Answered: 1 week ago

Question

Language in Context?

Answered: 1 week ago